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20121226
20130103
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FOX
Jan 1, 2013 5:00pm PST
forward to hearing from what the republicans have to say. >> reporter: house majority leader eric cantor and speaker john boehner were meeting with fellow repub scans. neither was too excited, expressing deep concerns. house gop members considering making amendments like adding spending cuts. that would force the bill back to the senate with the deadline bearing down on everyone. the legislation raises revenue by increasing taxes on the affluent but contains almost no spending cuts. it makes the spending cuts permanent for families making less than 450,000 per year and provides another year of unemployment benefits for two million people but payroll taxes are going up. vice president joe biden who negotiated the deal with mitch mcconnell also on the hill trying to get support from house democrats. and the political wrangling is far from over. no matter how this deal turns out both sides headed for major clash by the end of february over whether or not to raise the nation's debt ceiling. at the white house, ed henry, fox news. >> despite a wee hours of the morning fiscal cliff deal in the sen
CBS
Jan 1, 2013 5:00pm PST
: republican majority leader eric cantor told supporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000 a year. the white house sent vice president joe biden here to capitol hill to try to broker a deal with the house just like he did in the senate. house democrats are welcoming his help. >> vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. >> i think that we've mad gigantic progress. i hope we can have a bipartisan agreement. >> reporter: even though the country went over the "fiscal cliff" at midnight monday officially, the senate version of the bill makes all tax cut extensions retroactive to the beginning of the year. and again we just got word from a leadership aide that the house will vote on the sena
Search Results 0 to 1 of about 2